Tag: (SECP)

Islamabad, January 25, 2023 (PPI-OT):In a bid to streamline investment processes for Corporate Restructuring Companies (CRCs) and provide greater flexibility for restructuring operations, the Securities and Exchange Commission of Pakistan (SECP) has proposed amendments to the Corporate Restructuring Companies Rules, 2019. The draft amendments have been placed on SECP’s website for public consultation. Key proposed changes include procedures for raising funds and extending financing for acquisition, trust liquidation, composition and governance of the Corporate Restructuring Board (CRB) and its functions and budgetary allocations. The proposed amendments will simplify the process of rehabilitating distressed entities by providing greater flexibility for CRCs to undertake agency functions fo...

Islamabad, January 25, 2023 (PPI-OT):In a bid to streamline investment processes for Corporate Restructuring Companies (CRCs) and provide greater flexibility for restructuring operations, the Securities and Exchange Commission of Pakistan (SECP) has proposed amendments to the Corporate Restructuring Companies Rules, 2019. The draft amendments have been placed on SECP’s website for public consultation. Key proposed changes include procedures for raising funds and extending financing for acquisition, trust liquidation, composition and governance of the Corporate Restructuring Board (CRB) and its functions and budgetary allocations. The proposed amendments will simplify the process of rehabilitating distressed entities by providing greater flexibility for CRCs to undertake agency functions fo...

Islamabad, January 25, 2023 (PPI-OT):In a bid to streamline investment processes for Corporate Restructuring Companies (CRCs) and provide greater flexibility for restructuring operations, the Securities and Exchange Commission of Pakistan (SECP) has proposed amendments to the Corporate Restructuring Companies Rules, 2019. The draft amendments have been placed on SECP’s website for public consultation. Key proposed changes include procedures for raising funds and extending financing for acquisition, trust liquidation, composition and governance of the Corporate Restructuring Board (CRB) and its functions and budgetary allocations. The proposed amendments will simplify the process of rehabilitating distressed entities by providing greater flexibility for CRCs to undertake agency functions fo...

Islamabad, January 25, 2023 (PPI-OT):In a bid to streamline investment processes for Corporate Restructuring Companies (CRCs) and provide greater flexibility for restructuring operations, the Securities and Exchange Commission of Pakistan (SECP) has proposed amendments to the Corporate Restructuring Companies Rules, 2019. The draft amendments have been placed on SECP’s website for public consultation. Key proposed changes include procedures for raising funds and extending financing for acquisition, trust liquidation, composition and governance of the Corporate Restructuring Board (CRB) and its functions and budgetary allocations. The proposed amendments will simplify the process of rehabilitating distressed entities by providing greater flexibility for CRCs to undertake agency functions fo...

Islamabad, January 20, 2023 (PPI-OT):In order to facilitate the asset management industry and to ensure compliance with statutory/regulatory requirements in an efficient manner, the Securities and Exchange Commission of Pakistan (SECP) has issued an updated Master Circular for Asset Management Companies (AMCs) and Investment Advisors (IAs). The Master Circular is a compilation of all applicable circulars, directions and clarifications issued by the SECP from time to time for regulation of collective investment schemes (CIS) /mutual funds/ investment advisory services (IASs). The Master circular covers matters related to digitization, advertisements, categorization of CIS and investment avenues, disclosure requirements, Constant Proportion Portfolio Insurance (CPPI) based schemes, exchange ...

Islamabad, January 13, 2023 (PPI-OT):The Securities and Exchange Commission of Pakistan (SECP) registered 2,374 new companies in December 2022. The total number of registered companies now stands at 183,744. Total capitalization (paid-up-capital) of these companies for the current month stands at Rs4.1 billion. Foreign investment has been reported in 85 new companies. These companies have foreign investors from Afghanistan, Austria, Australia, Bangladesh, China, Egypt, Ethiopia, Germany, Indonesia, Iran, Japan, Lebanon, Malaysia, Romania, Russia, South Africa, Spain, Sweden, Switzerland, Turkey, UK, USA and Vietnam. Major chunk of investment was received from China with 48 companies, Germany with 5, Afghanistan, UK and US with 4 each, Iran and South Africa with 2 each and 16 companies with...